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CBS
Dec 28, 2012 5:00pm EST
lots of questions but a lot of it is based on misinformation. some of the laws they are going to change won't affect everybody. for instance, the 3.8 tax on the sale of a house. it will only affect people who have a huge gain on the sale of their house, and we have to explain that. >> i spoke a few weeks ago with alice, the former director of office of management and budget, and she said she did not think we would go over the fiscal cliff but she said if we did she thought it's a misnomer, that fiscal cliff is not really the right term. it would be more like a fiscal gentle slope because we wouldn't feel the effects of it, most taxpayers, immediately. do you agree or disagree? >> i agree a lot. the only problem, if they don't decide what they're going to do about to patch for the alternative minimum tax we won't be able to file our tax returns, because that's an actual form that has to be printed out and we can't print that until we know what goes on it, so it could hold up people's refunds. >> could be bad news. >> very bad for those getting refunds. >>> if you have questions log on to
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